Range Hood Market Size By Product (Under Cabinet, Wall Mount, Ceiling Mount), By Application (Residential, Commercial), By Distribution Channel (Direct Selling, E-commerce, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026

Industry Trends

Range Hood Market size exceeded USD 7 billion globally in 2018 and is estimated to grow at a CAGR of over 4% between 2019 and 2026. The global shipments are projected to reach over 8 million units by 2026.
 

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The increasing demand for advanced kitchen cleaning appliances due to rising consumer disposable income is driving the market size. The demand for energy-efficient and technologically advanced range hood systems is primarily increasing in modular kitchens. Customers are shifting their preferences toward the construction of modular kitchens due to efficient storage capabilities and convenience, providing lucrative opportunities for industry growth. Companies are offering highly customized products with consumer-specific requirements to gain a competitive edge in the industry. Moreover, market players are investing heftily in the development of new products with advanced features, such as Wi-Fi/Bluetooth connectivity and LED lighting, to enhance user experience.
 

The growing consumer awareness of healthy cooking environment and appropriate ventilation in both residential & commercial kitchens is supporting the range hood market demand. These products offer several benefits including bacteria removal, low noise, and enhancement of kitchen aesthetics. A major factor impacting the demand is the availability of several other low-cost exhaust systems, specifically for residential applications. Window fans are primarily gaining popularity in residential applications due to their low cost and the ability to effectively draw smells, steam, and smoke out of the kitchen posing industry challenges. Additionally, exhaust fans are quieter than range hood systems, thus increasingly used in households. These systems consume less electricity and require less maintenance compared to range hood systems. However, high smoke suction and particulate removal capabilities of vent hoods support their usage in commercial applications and provides market opportunities.
 

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Wall-mount hood exhibit high demand from residential applications

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The wall-mount hood segment is expected to grow at a CAGR of 4% from 2019 to 2026. These systems are increasingly installed in residential and commercial kitchens due to their ability to clean lingering smell or smoke in the kitchen further creating market trends. They are large in size and are primarily installed over the cooking range instead of cabinets, making them ideal for kitchens with no cabinets over the range. Market leaders are manufacturing wall-mount systems in various shapes & sizes to offer efficient performance to customers. Additionally, the availability of various models with multiple advanced features, such as Bluetooth and Wi-Fi connectivity, is supporting the industry updates and adoption of these systems in residential applications.
 

Growing usage in restaurants, hotels, and cafes to drive the market share in 2018

Commercial applications are expected to grow rapidly over the forecast timeline. Commercial range hood market share is attributed to the transformation of commercial kitchens and designs that integrate small & compact ventilation & exhaust systems including hoods to gain maximum space utilization. To cater to the changing commercial consumer demands and support installation in modern & smart kitchens, manufacturers in these markets are developing new products for commercial use. With the installation of range hood, commercial kitchens gain appropriate ventilation by reducing the issue of excessive heating & cooling and smoke released in kitchens. Increased utilization of smart hoods in commercial kitchens offers low energy consumption and low-cost benefits by automatically working when needed. These range hood systems can automatically adjust themselves when heat and emissions increase, resulting in a better kitchen environment. In May 2019, North American Kitchen Solutions, Inc. (NAKS) announced the launch of its new UL710 listed type 1 hoods for commercial applications.
 

Online sales channel has gained popularity globally

The range hood market is segmented on to online distribution & sales channels which are growing due to the increasing popularity of e-commerce sales and the provision of products through company websites. Manufacturers also sell their products at huge discounts & offers, resulting in maximum customer purchases. Manufacturers and e-commerce companies also provide range hood installation & maintenance services to consumers, which aid in gaining high popularity. Consumers are moving toward online purchase options due to high discounts and easy availability across all regions. Additionally, the growing collaborations of manufacturers with e-commerce players are increasing sales, resulting in the market growth.
 

North America poses a high demand for range hood

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The North America is expected to grow steadily over the forecast timeline owing to the availability of a variety of range hood options for different kitchen setups. The manufacturers in North America are providing various product ranges & colors to coordinate with modern kitchen interiors and residential or commercial settings. Such product innovations and technical advancements in new range hood systems are leading to a high demand in the U.S. and Canada resulting in maximum market shares. Furthermore, the presence of numerous equipment manufacturing and component usage standards & regulations in both countries is highly impacting production processes developing the market size. Rising consumer awareness of the usage of low energy consumption and environment-friendly kitchen equipment is supporting the development of Energy Star certified/compliant range hood and changing the market outlook.
 

New product designs and launches are the major range hood market strategies

Prominent players operating in the market include Panasonic Corporation, Zephyr Ventilation, Samsung Electronics Co., Ltd., Whirlpool Corporation, Broan, Elica S.p.A., Faber S.p.A., and Kobe Range Hood. These companies are continuously developing new products with technical advancements and designs to cater to the needs of modern kitchens. Additionally, manufacturers are engaged in developing partnerships and acquiring small companies to expand their business operations and product offerings in the market for range hood. Similarly, companies are also engaging in partnerships & collaborations with other ecosystem entities including component providers, technology providers, distribution channels, etc. that impact the market statistics For instance, in March 2019, Faber introduced the black stainless-steel option to its product line, aiding the company to introduce more decorative products.
 

Industry Background

The range hood market share is competitive owing to the presence of several local, regional, and global companies that manufacture a variety of range hood products for all the application sectors. Market players are investing heftily in the development of innovative advanced systems that produce less noise and offer enhanced energy efficiency. Companies in the market report are offering a wide range of models with distinctive features to enhance the customer experience. The rapidly developing global e-commerce sector is boosting the growth as players are increasingly using e-commerce websites including Amazon and Walmart to expand their regional presence and customer base.
 

The range hood industry research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2015 to 2026 for the following segments:

Range Hood Market, By Product

• Under cabinet
• Wall mount
• Ceiling mount
• Others

Range Hood Industry, By Application

• Residential
• Commercial

Range Hood Market By Distribution Channel

• Direct Selling
• E-commerce
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America 
  • Brazil
  • Mexico
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • South Africa